environment
Insolvency documents for fossil-mining company Plaman Resources show there aremillions in the bank and few current liabilities.
The offshore company, which had plans to mine a fossil-laden maar in Middlemarch for diatomite, quietly went into receivership late last week.
When information from a leaked Goldman Sachs report hit the press, local support for the project dissipated and public outrage grew.
The reason for receivership given in a newly-released insolvency document is delays in an application to the Overseas Investment Office (OIO) to acquire land adjacent to land alread…
Read the full article at: https://www.newsroom.co.nz/2019/06/24/647747/fossil-mining-company-broke-with-millions-in-the-bank